9:21am: McAfee’s five-year deal will be worth $14MM, with $5MM in guaranteed money, reports Alex Marvez of FOX Sports (Twitter link).
8:52am: Pat McAfee will continue booming punts downfield in Indianapolis in 2014 and beyond. The veteran punter announced today on NFL Network that he and the Colts have agreed to terms on a new five-year contract that will keep him off the free agent market (Twitter link).
McAfee, who has been the Colts’ full-time punter since the team selected him in the seventh round of the 2009 draft, averaged 46.0 yards per punt in 76 attempts last season, while also handling kickoffs for the team. According to Pro Football Focus’ metrics (subscription required), only Shane Lechler of the Raiders and Johnny Hekker of the Rams ranked ahead of McAfee among punters in 2013. Outside of a down year in 2010, McAfee has placed among the top eight punters every year since his rookie season, according to PFF.
With McAfee locked up, the Colts will also have to address the other half of their kicking team, as Adam Vinatieri is headed for unrestricted free agency. The NFL’s leading active scorer said in January that he isn’t considering retiring and would “love” to re-sign in Indianapolis.